Next Generation of Prototype Advanced Battery Packs

Prototype Advanced Battery Packs

Next Generation of prototype advanced battery packs shows increased battery capacity of 20% with the same battery pack size and weight

MISSISSAUGA, Ontario April, 2014 – Electrovaya Inc. (TSX: EFL) announced that it has delivered its next generation of prototype battery packs to Dongfeng Motors (DFM) in China. DFM, a leading Chinese automaker, is embarked on a major electric vehicle program, which includes two electric vehicle platforms. Electrovaya’s Lithium Ion SuperPolymer ® 2.0 battery consists of high energy density cells and Battery Management System (BMS) along with sub-assemblies of mechanical, thermal, electrical
and electronics.

The Electrovaya battery design enables the same Electrovaya battery to fit both the 2-door and 4-door electric vehicle platforms from DFM. Due to ongoing improvements in the cell manufacturing process, this battery has about 20% increased capacity and performance over Electrovaya’s previous DFM prototypes. The battery uses Electrovaya’s proprietary unique non-toxic manufacturing process.

“DFM is one of China’s largest automakers.” says Joseph Chao, Electrovaya’s Senior Consultant for the Chinese electric vehicle market.

This is a critical contract for both groups. DFM presently manufacturers over 3.5 million vehicles in China and its electric vehicle program has the potential to become one of the major players in the Chinese and Global markets.

“We are encouraged by our leading edge performance in this category and excited to work with DFM on their massive electric vehicle program”, said Dr. Rajshekar Das Gupta, Vice-President of Business Development, Electrovaya.

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL) designs and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems and energy storage related products for the clean electric transportation, portable energy, utility scale energy storage, smart grid power, consumer and healthcare markets. The Company’s unique & proprietary technology includes a manufacturing process which does not use any toxic chemicals.

Founded in 1996 and headquartered in Mississauga, Canada, Electrovaya has production facilities in Canada and customers around the globe. To learn more about how Electrovaya is powering mobility and storing energetic electrons, please explore www.electrovaya.com

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